Traditional group health insurance promises stability yet often delivers sticker shock. According to the Kaiser Family Foundation (KFF), premiums for fully insured small groups climbed 6% for single coverage and 7% for family coverage in 2024, the largest year-over-year jump since 2011. Many owners renew these plans out of habit, unaware that insurer-driven pricing and […]
Quarterly profit targets can tempt owners to trim small business employee benefits and call it a quick win. On the surface, the math looks simple: cut coverage, cut expenses. What follows is less obvious: eroding employee morale, harder-to-fill vacancies, and productivity loss that outpaces any premium savings. Talented staff weigh the cost of staying against […]
A health insurance broker should help a small business lower costs and match employees with solid coverage. Yet many brokers earn a percentage of every premium dollar you pay, meaning higher rates lift their income. When commissions tie broker compensation to premium size, advice can tilt toward fully insured plans that lock you into rising […]
Employers offering health insurance must choose between two distinct models: individual and group coverage. Each presents different cost structures, compliance considerations, and levels of administrative responsibility. Group insurance places the plan under the employer's control and may offer cost advantages when participation is strong. On the other hand, individual insurance requires employees to choose and […]
Union health insurance is a unique type of coverage negotiated through collective bargaining. It is common in industries with a strong union presence, such as construction, manufacturing, and public services. For small business owners exploring ways to offer employee benefits, union health plans raise an important question: How do they actually work, and are they […]
Small-business owners often feel trapped between soaring premiums and employees who expect robust benefits. An integrated HRA breaks that dead-end cycle. By pairing a cost-effective high-deductible health plan with a tax-free employer reimbursement account, you shift dollars away from insurance company margins and back into coverage your team can use. Premiums drop, out-of-pocket risk shrinks, […]
Running a small business means watching every dollar, yet health coverage keeps edging up the cost column. Premium notices rarely come with good news, and owners often feel caught between protecting employees and protecting margins. According to the 2023 Kaiser Family Foundation Employer Health Benefits Survey, the average annual premium for employer-sponsored family coverage reached […]
Small business owners need to learn about how employer health insurance works in order to both attract and keep employees and manage their costs effectively. Small business owners incorrectly believe their size prevents them from offering significant benefits, but proper organization and assistance enable them to provide affordable group health coverage. In this article, we […]
In today's competitive market, securing an affordable small business health insurance plan is crucial for small business owners, independent contractors, and sole proprietors. Rising healthcare costs can strain limited budgets, making it essential to explore cost-effective solutions that benefit both employers and employees. The Rising Cost of Health Insurance Health insurance premiums have been steadily […]
Health insurance in the United States serves as a vital safety net that grants you access to medical care while securing your financial health when facing illness or injuries. Without health coverage medical expenses can turn into a financial burden especially when emergencies strike. When you understand how health insurance works and why it matters […]
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